27th November 2020 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

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Here is the daily GK update of 27th November 2020 covering the following news headlines: Leh Indian Air Force Station, Ayodhya Airport, Engineer-in-Chief of Indian Army, HDFC Bank, ICCI.

Daily GK updates are incorporated with the important news that made the current affairs headlines for banking or other competitive exams. Daily GK Update is the complete bag of the important news that held all day long. One should have complete knowledge about the banking terms, current affairs news, etc. So, here is the GK update of 26th November 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National News

1. Ladakh gets largest solar project at Leh Indian Air Force station

The Union Territory of Ladakh has got the largest solar power project set up under the Centre’s ‘Make In India’ initiative at Leh IAF station to provide sustainable energy alternative to fossil fuel and traditional methods of energy generation.
The project namely ‘Provision of Solar Photo Voltaic Powerplant 1.5 MW’ has been completed within 12 months well before the completion deadline of March 31, 2021.
It is the largest installed solar project till date out of the target of 300 MW in three phases for defence sectors and 14 MW for Leh region as set by the Union Ministry of New and Renewable Energy.
The project worth Rs 122 crore was recently inaugurated by Air Marshal V R Chaudhari, Commander-in-chief, Western Air Command.

Important takeaways for all competitive exams:

Lieutenant Governor of Ladakh: Radha Krishna Mathur.

State News

2. Ayodhya Airport to be renamed as Maryada Purushottam Sri Ram Airport

Uttar Pradesh Cabinet has cleared the proposal to rename the Ayodhya airport as Maryada Purushottam Sri Ram Airport, Ayodhya, Uttar Pradesh.
The proposal for the same will be sent to the Ministry of Civil Aviation after it is passed by the state Assembly.
Uttar Pradesh Chief Minister Adityanath had announced on the occasion of Deepotsav on Diwali eve in November 2018 that Ayodhya will have both international and domestic terminals and could potentially be one of the largest airports of UP.

Important takeaways for all competitive exams:

Chief Minister of Uttar Pradesh: Yogi Aditya Nath; Governor: Anandiben Patel.

Appointment News

3. Lt Gen Harpal Singh appointed new Engineer-in-Chief of Indian Army

Lt Gen Harpal Singh has appointed new Engineer-in-Chief of Indian Army.
He is presently the Director-General of Border Roads Organisation and would take over his new appointment on 1 December.
Major Gen Rajeev Chaudhary has been appointed as the new Director-General of the Border Roads Organisation.
The BRO is responsible for the construction and maintenance of roads along the borders with China and Pakistan.

Agreements News

4. Mercedes-Benz joins hands with SBI to target HNI customers

Mercedes-Benz has joined hands with State Bank of India (SBI) to offer financial benefits to the lender’s High Net Worth Individual (HNI) customers.
This collaboration will give the luxury automobile manufacturer access to State Bank of India’s High Net Worth Individual (HNI) customer base, while the bank’s customers will enjoy exclusive benefits at the time of booking a Mercedes-Benz car.
The collaboration with SBI gives an exciting opportunity to expand our customer base and reach out to the potential HNI customers of the bank with products and services.

5. HDFC Bank signs MoU with ICCI to support SMEs and Start-ups

HDFC Bank has signed an MoU with Inventivepreneur Chamber of Commerce and Industries (ICCI) to support SMEs and Start-ups.
Through this association, ICCI will engage, enrol and support various Startups /SMEs /MSMEs to facilitate inter-alia financial and other facilities to/from HDFC Bank.
ICCI and HDFC Bank jointly conduct diverse networking activities, awareness camps and interactive sessions, Business Events.
HDFC Bank may offer bank accounts to Startups that are supported by INVENTIVEPRENEUR and recommended by INVENTIVEPRENEUR.
HDFC Bank will offer key business support functions like shared workspaces, digital marketing, web services, Patent filing, content writing, tax, and legal advisory to ICCI recommended businesses.
ICCI will evaluate and recommend potential Startups /SMEs /MSMEs for investments.
ICCI will support businesses to pitch their solutions to requisite stakeholders and will work towards providing them with an opportunity to showcase their solutions.

Important takeaways for all competitive exams:

ICCI Headquarters: New Delhi, India.
President of ICCI: Ritika Yadav.
Headquarters of HDFC Bank: Mumbai, Maharashtra.
MD and CEO of HDFC Bank: Sashidhar Jagdishan(Succeeds Aditya Puri).
The tagline of HDFC Bank: We understand your world.

6. UNDP and Invest India tie-up to launch the SDG Investor Map for India

The National Investment Promotion and Facilitation Agency, Invest India has partnered with United Nations Development Programme (UNDP) India to develop the first-ever ‘SDG Investor Map for India’.
The map lays out 18 Investment Opportunities Areas (IOAs) in six critical SDG enabling sectors, that can help India to move forward on Sustainable Development path. This initiative is an instrumental stride in India’s development trajectory.
This data-backed research and insights will act as the blueprints to provide a better understanding of how best the SDG financing gap can be reduced in India.
The development pathway of India will determine the achievements of the global environmental social targets, therefore it is critical to ensure that these pathways are sustainable, resilient and equitable.

Important takeaways for all competitive exams:

Invest India is a non-profit venture under the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry.
Invest India MD and CEO: Deepak Bagla.
Invest India Established: 2009.
Invest India Headquarter: New Delhi.

Summits and Conferences

7. PM Modi Inaugurates 3rd global renewable energy event “RE-INVEST” 2020

Prime Minister Shri Narendra Modi has inaugurated the 3rd Global Renewable Energy Investment Meeting and Expo (RE-Invest 2020) through video conferencing.
The summit is organised by the Ministry of New and Renewable Energy.
The theme for RE-Invest 2020 is ‘Innovations for Sustainable Energy Transition’. The first two editions of RE-Invest were held in 2015 and 2018.
The two-day virtual programme will provide an international forum for investment promotion in the renewable energy sector and an opportunity to various countries, states, business houses & organizations to showcase their strategies, achievements and expectations.
It must be noted that India has set an ambitious target of having 175GW of renewable energy by 2022 and 450GW by 2030.

Sports News

8. Sports Minister launches 2nd edition of Fit India School Week

Sports Minister Kiren Rijiju has launched the 2nd edition of the “Fit India School Week” program in the presence of Fit India Mission.
Sports Minister encourages school children to participate in the Fit India movement.
To participate in the program the schools have to register themselves on www.fitindia.gov.in/fit-india-school-week.
The Fit India School week program was launched in November last year and saw participation from over 15 thousand schools across the country.

Important takeaways for all competitive exams:

Founder of FIT India: Suparno Satpathy.

Obituaries

9. Father of Indian IT industry FC Kohli passes away

Founder of Tata Consultancy Services (TCS), Faqir Chand Kohli, better known as the Father of the Indian IT industry, passed away.
Besides being the founder, he was also the first CEO of TCS.
Kohli also worked as the deputy general manager of Tata Power Company and was the Chairman of the Board of Governors of College of Engineering, Pune.
As the first CEO of TCS, he pioneered India’s IT revolution and helped the country build the $190-billion IT industry.
A visionary and pioneer by nature, he was a recipient of Padma Bhushan from the Government of India.

10. Former World Bank President James Wolfensohn passes away

Australian-American lawyer, investment banker, and economist James Wolfensohn, who served as the President of the World Bank for 10 years, passed away.
He had served as the ninth president of the World Bank Group from 1995 to 2005.
Together with the International Monetary Fund (IMF), Wolfensohn launched the Heavily Indebted Poor Countries Initiative in 1996, a program that eventually provided more than $53 billion in debt relief to 27 of the world’s poorest countries.

Miscellaneous News

11. Malayalam film ‘Jallikattu’ is India’s official entry for the Oscars

Malayalam film “Jallikattu”, directed by Lijo Jose Pellissery, has been selected as India’s official entry for the Best International Feature Film category for the 93rd Academy Awards.
Jallikattu is the third Malayalam film after Guru (1997) and Adaminte Makan Abu (2011) to be chosen as the country’s official entry for the Oscars.
Jallikattu premiered at the Toronto International Film Festival, garnering praise from critics. It was later screened at the Busan International Film Festival and a host of other major venues.
In 2019, Zoya Akhtar’s Gully Boy, starring Ranveer Singh and Alia Bhatt, was India’s entry to the Oscars.

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